Automotive Coolant Aftermarket is expected to reach US$ 1324.55 million by 2033

As per the latest market research conducted by FMI, the global automotive coolant aftermarket is expected to record a CAGR of 4% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 894.82 million. By 2033, the valuation is anticipated to reach US$ 1324.55 million.

The efficient combination of ethylene, propylene glycol, and ethylene is predicted to boost the use of automotive coolants, which is likely to have an impact on the market. Also, the industry is growing due to the capacity to clean pollutants out of engine cooling systems. The growth of the automobile industry, the surge in investments, and the rise in disposable income all benefit the automotive coolants aftermarket.

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Manufacturers introduce innovative brands and products to provide customers with customized coolant and lubricant solutions. Several global OEMs are making investments in the nation either through joint ventures with well-established companies or directly after FDI norms have been implemented in setting up their production unit or improving their sales and dealership networks around the nation.

For example, ExxonMobil revealed its finalized company goals in December 2021. These plans call for boosting its spending on programs to reduce greenhouse gas emissions by US$ 15 billion over the following six years while maintaining controlled capital investments in its industry-leading portfolio.

Noble Midstream became an indirect, wholly-owned subsidiary of Chevron when the previously announced acquisition was finalized, it was revealed in May 2021 by Chevron Corporation and Noble Midstream Partners LP.

Also, the passenger vehicle market is being driven by strong demand for e-class, crossovers, SUVs, and hatchbacks, which is likely to have a positive impact on the automotive coolant aftermarket. The market for passenger vehicles is being driven by consumers’ rising preference for private transportation and their increasing purchasing power.

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Key Takeaways:

  • The automotive coolant aftermarket is anticipated to reach a valuation of US$ 894.82 million in 2023.
  • The expanding domestic coolant production can certainly assist coolant manufacturers in meeting the rising coolant demand worldwide. Over the following few years, this is anticipated to fuel the automotive coolant aftermarket.
  • The automotive coolant aftermarket is predicted to record a CAGR of 4% through 2033.
  • The automotive coolant aftermarket is expected to surpass US$ 55 million by 2033.

Significant Challenges:

  • As part of their maintenance plans for vehicles, original equipment manufacturers (OEMs) are increasingly providing coolant products and services. This might lower aftermarket demand for third-party coolant products and services.
  • Financial distress and economic downturns can have an effect on vehicle maintenance and sales, which may therefore have an effect on the demand for coolant products and services.

Competitive Background:

The manufacturers are investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the automotive coolant aftermarket As a result, market participants are likely to have a better overall revenue share in the global automotive coolant aftermarket.

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Automotive Coolant Aftermarket – Key Segments

Product Type:

  • Organic
  • Inorganic
  • Hybrid

Vehicle Type:

  • On-Road Vehicles
    • Passenger Cars
    • Commercial Vehicles
    • Motorcycles & Scooters
  • Off Road Vehicles
    • Tractors
    • Construction Based Vehicles (Loaders, Excavators, Bulldozers, Road Rollers, Mobile Cranes)
    • Industrial Vehicles (Towing Tractors, Fork Lift Trucks, UTV Carriers)

Sales Channel:

  • Vehicle Service Stations
  • Independent Garages
  • Authorized Dealers/ Franchise
  • Multi-brand Dealers
  • Online Sales

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East & Africa (MEA)

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Market Forecast: Electrical Insulation Materials Industry to Reach US$ 20.28 Billion by 2033, with a CAGR of 6.6%

 electrical insulation materials

The electrical insulation materials industry is expected to increase from US$ 10.70 billion in 2023 to US$ 20.28 billion by 2033.

Increasing Demand from the Electronics and Electrical Industries

Electric motor insulation materials provide resistance to electric current. Electric motor insulation techniques include wire insulation, slot, and phase insulation, winding impregnation, sleeve insulation, and winding leads insulation.

On a global scale, insulation materials used in electric motors are categorized based on their thermal qualities. Cotton, silk, and paper are examples of class A insulation materials. Whereas, mica, glass fiber, and asbestos are examples of class B insulation materials. Class C insulation materials include mica, porcelain, glass, and quartz.

Electronics are important components of modern civilization that aid in smooth operation or survival. Electrical insulation materials are necessary to manufacture shockproof electronic gadgets. This includes EV automobiles, televisions, washing machines, mobile phones, and other machinery. As insulation is required in cables, batteries, and other items, the growing EV sectors have a direct impact on market growth.

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There is an increasing demand for electrical insulating materials in the construction, vehicle, medical, communications, electronics, and manufacturing industries. To provide electric equipment shock resistance and to make products that meet benchmark criteria. As a result, the worldwide electrical insulating materials market is predicted to expand throughout the forecast period.

Trends and Technological Advancement

Ongoing research and development initiatives throughout the world are propelling the industry toward viable development. To ensure the optimal and sensible use of resources. These circumstances may increase the demand for renewable energy, boosting the demand for insulating materials such as HVDC cable and others.

Key Points from the Market

  • The market is expected to surpass US$ 20.28 billion by 2033.
  • The market is being boosted by rising demand for lightweight and energy-efficient electrical insulating materials.
  • The electrical insulation materials market is expected to register a CAGR of 6.6% during the forecast period 2023 to 2033.
  • North America dominated the electrical insulation materials market.

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Key Development in the Electrical Insulation Materials Market

  • May 2022 – Krempel GmbH stated that Nomex 910, an insulating material will be manufactured, and distributed by Krempel. It was previously created by DuPont. The product is a one-of-a-kind insulating material made of high-quality electrical grade cellulose pulp and web-like binders. It can be utilized as interlayer insulation in distribution and small power transformers with liquid-immersed transformers.
  • April 2022 – Von Roll announced the growth of its potting resin business by expanding its production plant in Italy. This may benefit the company in the automotive and electronics industries. Potting resins are critical in the development of high-performance batteries for electric vehicles.
  • EXEGER Sweden AB aims to collaborate with the Japanese ceramic technology business NGK INSULATORS, LTD in 2021. Through this collaboration, both companies may increase their respective manufacturing capacity and competencies. It also allows both companies to bring goods to market in a variety of disciplines. Including the IoT and electronic devices such as e-shelf labels, sensors, and remote controls.

 Key Companies Include:

  • Nitto Denko Corporation
  • 3M Company
  • E. I. DuPont de Nemours and Company
  • The Dow Chemical Company
  • Showa Denko Materials Co., Ltd.
  • KREMPEL GmbH
  • ITW Formex
  • Elantas GmbH
  • Nikkan Industries Co., Ltd
  • Dr. Dietrich Müller GmbH
  • Fralock Innovative Materials Manufacturing & Automation
  • Haysite Reinforced Plastics
  • Miki Tokushu Paper MFG. CO., LTD.

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Electrical Insulation Materials Market Key Segment

By Material Type:

  • Thermoplastics
  • Thermosets
  • Ceramics
  • Fiber Glass
  • Mica
  • Cellulose
  • Cotton
  • Others

By Application:

  • Power Transformer
  • Distribution Transformers
  • Electrical Motors & Generators
  • Wires & Cables
  • Switchgear
  • Batteries
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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T: +1-845-579-5705
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Revolutionizing Cancer Treatment: Clinical Oncology Next-Generation Sequencing Market Set to Surpass US$ 1.14 Billion by 2029

The global clinical oncology next-generation sequencing market is poised for exponential growth, according to a recent market analysis. Estimated at a value of US$ 449.4 million in 2022, this sector is projected to soar to a staggering US$ 1.14 billion by 2029, marking a remarkable Compound Annual Growth Rate (CAGR) of 16.3%.

The proliferation of next-generation sequencing (NGS) in clinical oncology has been a game-changer, enabling advanced personalized treatment strategies for cancer patients worldwide. This surge in adoption reflects the industry’s commitment to innovative diagnostic and therapeutic approaches, driven by the escalating global burden of cancer.

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“Next-generation sequencing has emerged as a cornerstone in the fight against cancer,” remarked FMI. “Its ability to decipher genomic information with unprecedented accuracy has opened new avenues for tailored treatment plans, offering hope to patients and clinicians alike.”

At present, the clinical oncology next-generation sequencing market accounts for approximately 3.8% of the global NGS market. Kits and reagents, constituting 59.8% of the market in 2022, are leading the charge, with widespread adoption across diverse applications.

As the global healthcare landscape continues to evolve, fueled by technological advancements and a growing demand for precision medicine, the clinical oncology next-generation sequencing market is poised to redefine cancer treatment paradigms. With a relentless focus on innovation and collaboration, stakeholders are poised to revolutionize cancer care and usher in a new era of hope and healing.

Key Takeaways: Clinical Oncology Next-Generation Sequencing Market (2022-2029)

  • Market Size and Growth: The market is expected to reach US$ 1.14 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 16.3% from 2022 to 2029. This growth is attributed to the increasing adoption of next-generation sequencing (NGS) for personalized cancer treatment.
  • Drivers: Rising focus on personalized medicine, growing awareness of NGS benefits in oncology, and increasing investment in cancer research are key drivers of the market.
  • Segments: The market is segmented by technology, workflow, application, and end-use. Kits & reagents are expected to witness significant growth within the market.
  • Regional Analysis: North America is expected to hold a dominant position due to well-developed healthcare infrastructure and technological advancements. However, Asia-Pacific is anticipated to show the fastest growth rate.
  • Future Outlook: The market is expected to witness continued growth due to factors like increasing government support for genomics research, rising disposable income, and growing geriatric population.

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Key Companies Profiled:

  • Illumina, Inc.
  • F. Hoffmann-La Roche Ltd
  • Oxford Nanopore Technologies
  • Agilent Technologies
  • Thermo Fisher Scientific Inc, PerkinElmer, Inc.
  • Becton, Dickinson and Company
  • QIAGEN N.V.
  • Pacific Biosciences of California, Inc.
  • BGI Group
  • Takara Bio, Inc
  • Creative-Biolabs
  • Mogene LC

Clinical oncology next-generation sequencing Market by Category:

By Component:

  • Sequencing Platforms
  • Sequencing Products
  • Kits and Reagents
  • Services

By Technology:

  • Ion Semiconductor Sequencing
  • Pyro-Sequencing
  • Synthesis Sequencing (SBS)
  • Real Time Sequencing (SMRT)
  • Ligation Sequencing
  • Reversible Dye Termination Sequencing
  • Nano-Pore Sequencing

By Application:

  • Whole Tumor Genome Sequencing
  • Whole Tumor Exome Sequencing
  • Targeted Tumor Genome Profiling
  • Tumor Transcriptome Sequencing
  • Tumor-normal Comparisons
  • Others

By End User:

  • Hospital Laboratories
  • Clinical Research Organizations
  • Diagnostic Laboratories
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Automotive Variable Oil Pump Market Worth US$ 10.6 billion by year 2030

The global automotive variable oil pump market demand is expected to reach US$ 10.6 billion by year 2030. Consumers’ rising spending power and the soaring demand for passenger cars are projected to fuel market expansion.

Nowadays, automotive engines require excessively large oil flow, especially at low engine speed, since conventional unregulated pumps lead to substantial losses at higher speed, as the pump’s output depends on engine speed. For effective automotive piston cooling and lubrication, automotive variable oil pumps precisely provide the correct quantity of oil in all conditions, and also help reduce torque absorption in non-critical working points. These pumps also reduce carbon emissions and fuel consumption along the way.

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Market Outlook

As disposable income has increased significantly across various developing nations, the demand for passenger vehicles has grown. Furthermore, the demand for high-performance automotive vehicles has also risen. This has resulted in increasing the demand for automotive variable oil pumps in heavy and light commercial vehicles. A number of automotive variable oil pump suppliers have long-term supplier contracts with OEMs, as per their specific requirements.

Key Takeaways of Automotive Variable Oil Pump Market Study

  • Conventional gear pumps controlled with dissipative systems are being replaced by variable oil pumps that can control oil flow rate and pressure without any energy loss.
  • By regulating the flow of oil at variable pressures, heat transfer can be optimized in the piston and head of the engine. This results in reducing the formation of carbon deposits in the engine. This is one of the key factors that is driving the demand for automotive variable oil pumps.
  • Automotive variable oil pumps are able to aid 2% fuel savings on consumers drive cycles as compared to conventional engine oil pumps.
  • Western Europe and North America are expected to hold a substantial market share in the global automotive variable oil pump market through 2030.

“Automotive variable oil pumps offer better fuel efficiency and lower carbon emissions as compared to conventional oil pumps. This feature is playing a key role in positively influencing market growth. Moreover, increasing automotive production will further drive the growth of the global automotive variable oil pump market.”

Automotive Variable Oil Pump Market: Participant Insights

The automotive variable oil pump market is fairly competitive, with the presence of key market participants that have expertise in advanced manufacturing techniques. Market stakeholders in developing markets are poised to expand their business operations and increase value-addition in their product offerings through portfolio rationalization. Furthermore, to endure in the long run, product innovation is one of the key strategies being adopted by market players.

Some of the key market participants in the global automotive variable oil pump market are Continental AG, KSPG AG, Denso Corporation, and Robert Bosch GmbH.

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AUTOMOTIVE VARIABLE OIL PUMP MARKET TAXONOMY

The global automotive variable oil pump market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the readers.

Fuel Type

  • Gasoline
  • Diesel
  • Hybrid

Sales Channel

  • OEMs
  • Aftermarket

Vehicle Type

  • Passenger Cars
  • LCVs
  • HCVs

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Automotive Glass Market:

https://www.futuremarketinsights.com/reports/automotive-glass-market

 

Air Suspension Systems Market:

https://www.futuremarketinsights.com/reports/air-suspension-systems-market

 

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Capitalize on the Booming Hindered Amine Light Stabilizers (HALS) Market: Projected to Reach US$ 2.2 Billion by 2033

 

The global hindered amine light stabilizers market revenue is anticipated to reach US$ 2.2 billion by 2033, up from US$ 1.2 billion in 2023. Future Market Insight estimated a CAGR of 6.4% for the market between 2023 and 2033.

Demand for paints and coatings has increased in recent decades for various reasons. Architectural coatings are expected to experience the highest level of growth. The usage of architectural coatings has directly impacted the demand for additives such as hindered amine light stabilizers. The rising demand for industrial coatings in various sectors is expected to drive the demand for hindered amine light stabilizers throughout the forecast period.

The demand for plastic packaging materials, automotive components and coatings, and agricultural films is increasing. The use of HALS is on the rise in commercial and industrial settings. These stabilizers are applied in various ways including in the production of UV-resistant coated plastics, wood products, and polymers.

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In many applications, plastic materials are utilized with increasing frequency. The design of plastic products is constantly evolving to meet changing requirements. To keep up with these demands, the plastic industry relies heavily on polymers, polymer blends, and polymer additives.

There has been a significant increase in demand for additives that improve the properties of plastics. This also includes protecting them from damage caused by exposure to UV light and high temperatures. Stakeholders in the plastics industry seek ways to improve product performance. HALS are gradually used to improve the durability and lifespan of plastic products.

Given the increasing demand for packaged products along with the requirements of the automotive industry, the market is anticipated to continue its growth trajectory. To meet the need for high-quality, durable packaging materials and products, manufacturers are seeking additives like HALS that can provide excellent performance and withstand prolonged exposure to sunlight.

Consumers in both developed and developing countries have diverse mobility requirements. In the coming years, urbanization is anticipated to result in a rise in automobile ownership. This rise in car ownership is predicted to drive up demand for automotive refinish coatings.

Automotive refinish coatings serve the function of stabilizing paint in various conditions, including exposure to UV rays, humidity, and pollutants. HALS are increasingly used to prevent automotive paint degradation, yellowing, and chalking caused by UV light. They efficiently preserve the sheen of the paint and improve its resistance to various weather conditions. This is likely to open opportunities for market players.

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Key Takeaways

  • The hindered amine light stabilizers market in the United States is expected to upsurge at 4%CAGR during the forecast period.
  • The market in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 2%through 2033.
  • The market in China is expected to thrive considerably, registering a CAGR of 3%from 2023 to 2033.
  • With a CAGR of 3%over the forecast period, the market in Japan is predicted to develop rapidly.
  • The market in South Korea is predicted to expand significantly between 2023 and 2033, reaching a CAGR of 1%.

Competitive Landscape

Hindered amine light stabilizers market players are engaged in the production, distribution, and sale of HALS products. They are also involved in the research and development of new and innovative HALS solutions. They also invest to offer high-quality and cost-effective products to maintain a competitive edge. Moreover, market players aim to expand their global presence. They achieve this by forming strategic alliances, collaborating with other industry players, and acquiring other companies.

Recent Developments                   

  • In July 2022, BASF and 3T Industries Sdn Bhd facilitated pineapple plantations in Malaysia to upturn their produce and save resources. To stabilize recycled plastics that were used to shield pineapples from sunburn, 3T Industries deployed BASF’s IrgaCycle™
  • SI Group introduced ETHANOX® 4737R, a new fuel antioxidant blend, in May 2019. The product was designed to offer several benefits to function in different weather conditions. ETHANOX® 4737R is particularly effective at stabilizing gasoline and aviation fuel.

Key Players

  • BASF SE
  • Adeka Corporation
  • Mayzo, Inc.
  • SI Group, Inc.
  • Addivant

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Hindered Amine Light Stabilizers (HALS) Market Segmentation

By Application:

  • Packaging
  • Automotive
  • Agriculture Films
  • Construction
  • Others

By Type:

  • Polymeric
  • Monomeric
  • Oligomeric

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa(MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Industry Forecast: Automotive Fabrics Industry Expected to Reach US$ 52.78 Billion by 2033, with a CAGR of 3.6%

automotive fabrics

The automotive fabrics industry is anticipated to thrive at an average CAGR of 3.6% between 2023 and 2033. The market is expected to have a market share of US$ 52.78 billion by 2033 while it is likely to be valued at US$ 37.06 billion in 2023.

The rising businesses producing upholstery for automobiles, the increased scope of technical textiles, and the application of different materials and their grades are likely to transform the market during the forecast period. Furthermore, the high sales of premium vehicles and high third-party sales and installation also garner the market’s success.

Companies launching new trending designs with vibrant colors and packaging along with multi-layer designs for extra comfort are also in high demand. Alongside this, the price point, comfort, design, texture, and material are some factors that make all the difference.

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From bike seat cover to car seat fabric and other fabrics, the products are focused on texture and color. New car businesses and local shop vendors are also promoting new brands with smart and small details that are expected to increase market sales.

The advanced knitting technology, computerized designs, curves, and model-based product delivery is also enriching the supply chain management and pushing product performance in the marketing funnel as well.

Different types of material grades and prices go hand in hand while selecting the pricing and representation of the product. The restoration of the automotive market is the first milestone that the market has crossed lately.

Key Takeaways

  • The United States market leads North America’s automotive fabrics market in terms of market share in North America. The United States held a market share of 14.8% in 2022. Factors attributed to the new products and designs, high sales of cars and other vehicles, the advent of electric vehicles, and new businesses launching innovative ideas like sustainable seat covers, etc.
  • Germany’s automotive fabrics market held a healthy market share of 9.7% in 2022. The market growth is caused by Germany being the center point for automotive manufacturing including premium car-making brands like Volkswagen, BMW, Audi etc.
  • India’s market thrives at an average CAGR of 4.5% between 2023 and 2033. The growth is attributed to the increased per capita income, and growing third-party fabric installation businesses.
  • China thrives at a CAGR of 4.2% between 2023 and 2033.
  • Based on product type, the woven fabric segment held the leading market share of 43.0% in 2022.
  • Based on sales channel, the OEM segment leads as it held a market share of 82.0% in 2022

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Competitive Landscape

The key suppliers focus on affordable, premium quality, texture, and material. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

  • Sage Automotive Interiors, an Ashi Kasei Company has acquired Adient’s fabric business for US$ 175 million. The decision is anticipated to affect the sales of the majority part of the world.
  • Adler Pelzer has announced to further strengthen their collaboration with Hyashi Telemp Corporation. The collaboration is expected to be focusing on OEM, autonomous driving, and enhanced automotive textiles.

Key Players Profiled in the Global Market

  • HHenkel AG & Co. KGaA
  • Namics Corporation
  • ASE Group
  • MacDermid Alpha Electronic Solutions
  • Parker LORD Corporation
  • H.B. Fuller Company
  • Dow Inc.
  • ELANTAS GmbH
  • Zymet
  • Hitachi Chemical Co., Ltd.
  • Panasonic Corporation
  • AI Technology, Inc
  • Indium Corporation
  • Sanyu Rec Co., Ltd.
  • Dymax Corporation
  • Epoxy Technology, Inc.
  • Protavic International
  • YINCAE Advanced Materials, LLC

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Key Segments Covered

By Product Type:

  • Woven Fabric
  • Non – woven Fabric
  • Knitted Fabric

By Sales Channel:

  • OEM
  • Aftermarket

By Application:

  • Airbags
  • Floor Covering
  • Belts & Hoses
  • Tires
  • Car Roof
  • Safety-Belts
  • Pre-Assembled Interior Component (PRIC)
  • Upholstery
  • Others

By Vehicle Type:

  • Compact Passenger Cars
  • Mid-Sized Passenger Cars
  • Premium Passenger Cars
  • Luxury Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Key Regions Covered:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Excluding Japan
  • The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Unlocking Growth: Capitalize on the 5.7% CAGR of the Malonic Acid Market from 2023 to 2033

 

As per Future Market Insights (FMI), the global malonic acid market value is estimated to reach US$ 56,058.6 thousand in 2023. From 2023 to 2033, global sales of malonic acid are expected to soar at 5.7% CAGR. By 2033, total market valuation is projected to reach US$ 97,277.2 thousand.

Malonic acid is a highly versatile chemical intermediate that finds extensive use in the polymer industry for the synthesis of several plastics and polymers.

One of its key applications is producing polyester resins, which are widely used in the manufacturing of films, fibers, and packaging materials. The synthesis of diesters, which are crucial intermediates in the production of polyester resins, requires malonic acid as a raw material.

Malonic acid serves as a fundamental building block for specialty polymers such as polyesters and polyamides that exhibit unique properties. This makes them ideal for high-performance applications in industries such as aerospace and automotive.

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Another application of malonic acid is in the production of polyurethanes, where it acts as a cross-linking agent. Polyurethanes are extensively used in the manufacture of adhesives, coatings, and foams.

Given the polymer industry’s considerable reliance on malonic acid, its growth is expected to drive demand for malonic acid in the market. Malonic acid continues to remain an essential chemical intermediate in the polymer industry with a broad range of applications.

Similarly, increasing applications in pharmaceutical and food & beverage industries will elevate malonic acid demand.

Key Takeaways from the Malonic Acid Market:

  • The global malonic acid industry is expected to attain a valuation of US$ 97,277.2 thousand by 2033.
  • Global malonic acid sales are likely to soar at a CAGR of around 7% from 2023 to 2033.
  • By end use, food & beverage and pharmaceuticals segments are likely to generate significant revenues in the market.
  • The malonic acid industry in China is expected to expand at a CAGR of1% during the forecast period.
  • North America malonic acid industry is projected to rise at a CAGR of 2% through 2033.
  • Top-5 players identified in the report are anticipated to hold 40% to 45% of the global market share.

“Advances in technology have led to improvements in the quality of malonic acid products, making them more reliable and consistent. This has increased the appeal of malonic acid in the global market.” – says a Future Market Insights analyst.

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Who is Winning?

Trace Zero LLC, Hefei TNJ Chemical Industry, Shanghai Nanxiang Reagent Co., Ltd., TATEYAMA KASEI Co., Ltd., and others are the key manufacturers of malonic acid profiled in the report.

The market has witnessed a surge in product development activities, with leading manufacturers focusing on launching new products to stay ahead of the competition.

Key companies are investing heavily in domestic production and are integrating new technologies in the manufacturing process to improve production efficiencies and reduce costs. They are also using strategies such as partnerships, collaborations, and acquisitions to expand their footprint.

For instance,

  • In 2019, BioAmber Inc. announced a partnership with EcoMundo, a sustainability consulting firm, to assess and reduce the environmental impact of its malonic acid production process.
  • In November 2022, Lygos Inc. announced a research and development collaboration with Ginkgo Bioworks. The corporation comprises the work of two of its research and development programs over around two years to develop biodegradable polymer-based formulations and products.

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Malonic Acid Market Outlook by Category

By Grade:

  • Food Grade
  • Technical Grade
  • Pharmaceutical Grade

By Application:

  • Precursor
  • Intermediate
  • Additive
  • Flavor Enhancer
  • Cross-Linking Agent
  • pH Control
  • Electroplating
  • Others

By End Use:

  • Food and Beverages
  • Paints and Coatings
  • Polymers and Plastics
  • Pharmaceuticals
  • Electronics
  • Others

By Region:

  • North America
  • Latin America
  • Western Global
  • Eastern Global
  • Central Asia
  • Russia and Belarus
  • Balkan and Baltic Countries
  • East Asia
  • South Asia and the Pacific
  • Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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India Retail Mineral Turpentine Oil Market Projected to Reach US$ 113.2 Million by 2032 with Steady 9.5% CAGR Growth

 

The India retail mineral turpentine oil (MTO) market is projected to reach a valuation of US$ 45.8 Million by the end of 2022. Sales of retail mineral turpentine oil in the country are expected to witness a steady growth rate at a CAGR of 9.5% during the evaluation period from 2022 to 2032. It is expected to top a valuation of US$ 113.2 Million by 2032.

Future Market Insights in its latest market study reveals that the India mineral turpentine oil market is highly consolidated where the majority of shares are held by few domestic leading players. Key players operating in the market majorly deal in bulk quantities of MTO. Retail packaging sizes of MTO are generally repacked by distributors or retailers. Hence, the India retail mineral turpentine oil market is fragmented and is expected to hold immense potential for key players operating in the market.

The retail packaging of MTO has witnessed high growth rates over the past few years. Key players can gain substantial momentum and capture the majority of market shares by launching MTO in retail sizes. They are striving to introduce their in-house products with innovative brand names and high quality in the market to expand their client base.

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Mineral turpentine oil is expected to find its majority of applications in paints and coatings for the manufacturing of products such as thinners and wood primers. Paint manufacturers are primarily active in retail sales of MTO through their authorized outlets. Paint manufacturers are also focusing on creating robust sales networks with the presence of various authorized dealers and customer loyalty programs.

Key Takeaways: India Mineral Turpentine Oil Market

  • From 2017 to 2021, the market for retail mineral turpentine oil in India expanded at a compound annual growth rate (CAGR) of 1%.
  • North India is expected to account for 7% of the overall India retail mineral turpentine oil market share in the evaluation period.
  • The West India retail mineral turpentine oil market currently holds around 8% of the value share in the India market.
  • Based on application, the wood primers segment is estimated to account for around 7% of the retail mineral turpentine oil produced in India.
  • The 10.1 L – 20 L packaging size segment is expected to account for the majority of share in the India retail mineral turpentine oil market in the next ten years.

Competitive Landscape: India Retail Mineral Turpentine Oil Market

According to FMI analysis, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, Nayara Energy Ltd., Mehta Petro-refineries Ltd., Jay Chemicals, Shambhoo Petrochem (p) Ltd., Paragon Chemicals, TotalEnergies S.E., Idemistsu Kosan Co. Ltd., Shell Plc., Exxonmobil Corporation Ltd., Witmans Industries Pvt. Ltd., and Labdhi Petrochem among others are identified as key manufacturers in the India retail mineral turpentine oil market.

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Get More Insights into the India Retail Mineral Turpentine Oil Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the India retail mineral turpentine oil market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the Indian market potential, growth, and scope, the market is segmented based on packaging size, application, and region.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Industry Forecast: Geosynthetics Industry Expected to Generate US$ 16,710.54 Million by 2033, with a CAGR of 10.1%

Geosynthetics

In 2023, the geosynthetic industry is projected to generate $15,177.60 million in revenue. In 2033, the market is expected to be valued US$ 16,710.54 million. It is anticipated that the market would expand at a rate of 10.1% between 2023 and 2033. With the use of geosynthetics, barriers can be built with exceptional efficiency, requiring less space and improving access to roads. The market is anticipated to expand as geosynthetics are utilized in mining operations more frequently.

A new avenue in civil engineering to drive the market is geosynthetics, which is thought to offer innovative solutions for geotechnical, hydraulic, environmental, and transportation problems. As a result, infrastructure works can be built with more efficiency and sustainability, and with greater resilience and sustainability. Woven geosynthetics are becoming more popular due to their ability to distribute loads and strengthen soil.

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Climate change poses increasing challenges for infrastructure, so geosynthetics will be used to build a resilient system to resist hurricanes, floods, and sea level rise. Materials such as these can help protect coastal areas, control erosion, and manage storm water. With mass infrastructure projects that require resilient soil reinforcement and separation applications, these materials are a logical choice as they are highly tensile and dimensionally stable.

Real-time monitoring of infrastructure performance could be achieved by integrating sensors and technology into geosynthetics. Predictive maintenance can be conducted using this data, resulting in early detection of problems and extending the lifespan of a project. As technology advances and awareness programs become more popular, the market is expected to grow.

For instance, the Advanced Textile Association (ATA) held A Geosynthetics Conference in February 2023. Co-hosted with the International Erosion Control Association (IECA) Annual Conference and Expo, Kansas City, Mo., the conference brought together geotechnical, erosion control and stormwater experts. More than 1,800 attendees attended both conferences, and 186 exhibits took place, for a combined exhibition area of double that of the two associations.

Key Takeaways

  • According to FMI, through 2033, geotextiles will account for 37.2% of market revenue.
  • The polypropylene segment is expected to hold a market share of 50.2% during the forecast period.
  • By 2033, the United Kingdom is expected to experience an 8.2% CAGR until 2033.
  • Geosynthetic market demand in the United States is expected to increase by 10.3% CAGR throughout 2033.
  • A 13.2% CAGR is expected to be achieved by 2033 for the geosynthetics market in India.

“Innovations in manufacturing techniques and the adoption of eco-friendly materials will drive demand for geosynthetics. A combination of regulations and standards and increasing demand for smart geosynthetics will drive market growth in the next few years,” says FMI analyst.

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Competitive Landscape

As geotextile materials become increasingly popular and eco-friendly materials become available, several market players are establishing production facilities in emerging economies. With increasing investments, partnerships, and mergers, demand for geosynthetics is growing.

Market Developments Include

  • In June 2023, Marketentered into definitive documents, through its parent company Hella Infra Market Private Limited, in order to acquire a majority stake in Strata Geosystems (India) Pvt Ltd (“Strata”) with a market value of INR 9,100 Million from Glen Raven Technical Fabrics LLC (“Glen Raven”). Strata India also acquired Glen Raven’s geosynthetics business in the United States as part of the transaction.
  • In October 2022, Armando Alvarez Group and RedSea, a world leader in sustainable agriculture technology, entered into an exclusive agreement to supply hot-climate-compatible greenhouse covers. The new greenhouse cover is ideal for farming in hot and water-scarce regions. Results from the tests show exponential increases in harvest, reduced irrigation and fertigation costs and lower energy consumption.

Key Companies Profiled

  • AGRU Kunststofftechnik GmbH
  • Low & Bonar PLC
  • Tensar Corporation
  • Raven Industries, Inc.
  • Thrace Group
  • GSE Environmental Inc.
  • Officine Maccaferri S.p.A.
  • Koninklijke Ten Cate B.V.
  • HUESKER Synthetic GmbH
  • Solmax International Inc.
  • Geofabrics Australasia Pty. Ltd.
  • Garware-Wall Ropes Ltd.
  • Cooley Group

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the geosynthetic market, the market is segmented on the basis of Product Type (Geotextile, Geomembrane, Geogrid, Geonet, Geocomposite, Geosynthetic clay liner, Others), Material Type (Polyethylene (HDPE/LLDPE), Polypropylene (PP), Polyester, Natural Fibers, Others), Primary Application (Separation, Drainage & Filtration, Reinforcement, Containment), End Use (Roads (paved & unpaved), Railways, Retaining walls, Waterworks and waste treatments, Landfill & erosion control, Others) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East, and Africa).

Segmentation Analysis of the Geosynthetics Market

By Product Type:

  • Geotextile
  • Geomembrane
  • Geogrid
  • Geonet
  • Geocomposite
  • Geosynthetics Clay Liner
  • Others

By Material Type:

  • Polyethylene (HDPE/LLDPE)
  • Polypropylene (PP)
  • Polyester
  • Natural fibers
  • Others

By Primary Application:

  • Separation
  • Drainage & Filtration
  • Reinforcement
  • Containment

By End Use:

  • Roads (paved & unpaved)
  • Railways
  • Retaining walls
  • Waterworks and waste treatments
  • Landfill & erosion control
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Pad mounted Switchgear Market Analysis: Industry worth US$ 10.6 billion by 2034

The pad mounted switchgear market is anticipated to experience moderate growth, with a projected compound annual growth rate (CAGR) of 5.6%. By 2034, the market is forecasted to achieve a valuation of US$ 10.6 billion, up from US$ 6.1 billion in 2024. Various market dynamics exert influence over the trajectory of this sector.

The escalating global energy demands necessitate substantial infrastructure development to meet the growing needs. Consequently, there’s a heightened focus on bolstering the energy distribution network to ensure efficient transmission and distribution. This trend underscores the pivotal role of the pad mounted switchgear market in supporting the expansion and optimization of energy distribution networks worldwide.

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Growth Factors

Increasing investments in the energy sector play a crucial role in infrastructure development and spur innovation among manufacturers, shaping a significant market trend in this sector.

Recent advancements in research and development activities contribute to elevating product standards, opening up new avenues for growth as innovative solutions emerge within the market.

The growing adoption of underground distribution network systems aligns with the rising demand for pad mounted switchgear, driving market expansion as these systems become increasingly prevalent.

Efforts to strengthen the global power distribution network underscore the importance of implementing adequate safety measures to ensure longevity. This emphasis on safety drives the demand for pad mounted switchgear, as it plays a vital role in safeguarding distribution networks and supporting their efficient operation over the long term.

Key Companies

  • Federal Pacific
  • ABB
  • Eaton
  • TIEPCO
  • S&C Electric Company
  • G&W Electric
  • AZZ Inc.
  • Powell Industries
  • Trayer

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Key Segments

By Type:

  • Air-Insulated
  • Gas-Insulated
  • Solid Dielectric
  • Others

By Application:

  • Industrial
  • Commercial
  • Residential

By Voltage:

  • Up to 15 kV
  • 15-25 kV
  • 25-35 kV
  • Above 35 kV

By Standard:

  • International Electrotechnical Commission (IEC)
  • Institute of Electrical and Electronics Engineers (IEEE)
  • Other Standards

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East and Africa